Notice of Request for Extension and Revision of a Currently Approved Information Collection

DEPARTMENT OF AGRICULTURE

Commodity Credit Corporation

Notice of Request for Extension and Revision of a Currently

Approved Information Collection

AGENCY: Commodity Credit Corporation.

ACTION: Notice and request for comments.

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SUMMARY: In accordance with the Paperwork Reduction Act of 1995, this

notice announces the Commodity Credit Corporation's (CCC) intention to

request an extension for, and revision of, an information collection

process currently in effect related to the Standards for Approval of

Warehouses for Cotton.

DATES: Comments must be submitted on or before May 19, 1997, to be

assured consideration.

ADDITIONAL INFORMATION OR COMMENTS: All comments concerning this notice

should be addressed to Mr. Steven Closson, Chief, Storage Contract

Branch, Warehouse and Inventory Division, Farm Service Agency, United

States Department of Agriculture, 1400 Independence Ave., SW,

Washington DC 20250-0553 FAX (202) 690-3213.

SUPPLEMENTARY INFORMATION:

Title: Standards for Approval of Warehouses for Cotton.

OMB Control Number: 0560-0010.

Expiration Date of Approval: January 31,1997.

Type of Request: Extension and Revision of a Currently Approved

Information Collection.

Abstract: The CCC Charter Act, authorizes CCC to enter into storage

agreements with commercial warehouse operators for the storage of CCC-

owned or CCC-loaned cotton. 15 U.S.C. 714 note. The information

collected under Office of Management and Budget (OMB) Number 0560-0010,

as identified above, allows CCC to effectively maintain a list of

approved warehouses for the storage of cotton as covered by 7 CFR part

1427--Standards for Approval of Warehouses for Cotton or Cotton

Linters.

The forms covered by this collection are the Cotton Storage

Agreement (Storage Agreement) and supporting documents that allows the

warehouse operator to demonstrate to CCC his ability to meet the

standards for approval necessary for the CCC contracting officer to

enter into or continue an existing storage agreement with a warehouse

operator. The Storage Agreement is a contract for services between CCC

and the warehouse operator and spells out the terms that will prevail

during the period that the warehouse and CCC chose to conduct business.

During this period the warehouse is listed on a CCC maintained List of

Approved Warehouses and eligible producers may obtain price support

loans for cotton stored at the warehouse. The forms are furnished to

interested warehouse operators to secure and record information

regarding the agreement and permits the warehouse operator to submit

the storage and handling rates to be paid by CCC should CCC or eligible

producers use the warehouse for the storage and handling of eligible

cotton.

Estimate of Burden: The record keeping requirements in this

clearance are normal business records and, therefore, have no burden.

Public reporting burden for this information collection is estimated to

average 1.06 hours per response.

Respondents: Business or other for-profit.

Estimated Number of Responses: 400.

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Estimated Number of Responses per Respondent: 3.265.

Estimated Total Annual Burden on Respondents: 1,395.

Comments are sought on these requirements including: (a) whether

the continued collection of information is necessary for the proper

performance of CCC contracting activities, including whether the

information will have practical utility; (b) the accuracy of CCC's

estimate of burden including the validity of the methodology and

assumptions used; (c) enhancing the quality, utility, and clarity of

the information to be collected; (d) minimizing the burden of the

collection of information on those who are to respond, including using

appropriate automated, electronic, mechanical, or other technological

collection techniques or other forms of information technology.

Comments should be sent to the Desk Officer for Agriculture, Office of

Information and Regulatory Affairs, Office of Management and Budget,

Washington, D.C. 20503 and to Mr. Steven Closson, Chief, Storage

Contract Branch, Warehouse and Inventory Division, Farm Service Agency,

United States Department of Agriculture, 1400 Independence Ave., SW,

Washington DC 20250-0553. Copies of the information collection may be

obtained from Mr. Closson at the above address.

All responses to this notice will be summarized and included in the

request for OMB approval. All comments will also become a matter of

public record.

Signed at Washington, DC on March 12, 1997.

Bruce R. Weber,

Executive Vice President, Commodity Credit Corporation.

[FR Doc. 97-6786 Filed 3-19-97; 8:45 am]

BILLING CODE 3410-05-P